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The Threat of Small-Dollar Terrorism

The recent ISIS terrorist attacks in Barcelona and Cambrils likely cost no more than a few thousand dollars—little more than the cost of renting vehicles and housing and feeding operatives for a few weeks. These attacks fit a pattern of high-impact, low-cost terrorism across Europe. Even the Paris attacks in November 2015, which killed 130 revelers, likely cost no more than $10,000.

It’s not clear whether the terrorists in Spain received money from abroad or raised funds locally to carry out the attacks. But we know that even as coalition military forces have scored victories against ISIS in Iraq and Syria, ISIS operatives and terrorists have turned to these kinds of low-cost attacks across the West. Just since the beginning of January, we have seen horrific examples in London, Paris, Manchester and Stockholm, in addition to the attacks in Spain.